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Replies: 15 / Views: 2,206 |
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New Member
United States
29 Posts |
I am asking the wisdom of the many knowledgeable people in this community I am taking my daughter and son in law to a coin show and would like suggestions.
They have limited funds and I would like a list of affordable coins they should look for and have the best chance to increase in value. thank you
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Valued Member
United States
158 Posts |
Not sure I can offer much in terms of suggestions (I am a relatively new collector myself), but.... your question was posted in the "Coin Photography" forum.
Perhaps the mods can move it to a more beneficial location ?
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Valued Member
United States
309 Posts |
I would think that dimes would be great to start a kid collecting. Nickels too. Pennies also for that matter. I would imagine that most members in this forum started on those very coins.
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Pillar of the Community
United States
3345 Posts |
I like dimes personally, Mercury and barber and seated liberty. Not to expense and are quite interesting. As for increasing in value, I believe that they would have to buy some sleeper coin since the funds you say are limited. For example, some people think that the 1931-S and 1926-s dimes are sleepers. these might increase in value since they didnt make as many of them and the Mercury dime series is always popular. but the downside is that these coins were saved by the collectors in the 30's
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Pillar of the Community
United States
5854 Posts |
This is kind of a hard one to answer. It seems like they are new to coins so I would probably have them look around the show to see what they like and then have them buy what they are interested in.
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Pillar of the Community
United States
1554 Posts |
There are affordable coins in all denominations. As far as ones that will increase in value, that takes time and could happen with any coin. But it's hard to predict. Just go and have fun and just pick coins you folks like.
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Bedrock of the Community
Australia
21786 Posts |
A few questions: I personally agree with the (silver) dimes approach, BUT,
What are the ages of your kids? Kids like coins with animals, but as they grow up, their interests will change. When I was very young, I was interested in coins that had an unusual design.
Show them your collection. Ask which coins capture their interest. Tell them as much as you know about those coins, you need to encourage their interest. Give them a small but practical, discretionary budget for them to spend, under your encouragement. The aim is to get them, and yourself, involved.
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New Member
 United States
29 Posts |
thank you so far for your suggestions they have seen my whole collection and think the modern coin set Commemorative's are beautiful and the Perth Mint coins. please keep the input coming the show is in 3 weeks. they are both 20 years old
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Bedrock of the Community
United States
20753 Posts |
For individuals in their 20's, they should be well able to make up their own minds. They should at this age know what they can and can't afford. Also, if they have seen your collection, they should also have an idea of what they want if anything. I'd really start by buying them a copy of the Red Book by Whitman Publishing. It is probably late to suggest several other books on coins since it would take time to find them. The Red Book could or should be available at almost any Coin or Hobby store. Eduacte them on the cost of 2x2's, those 20 slot pages for 2x2's, 3 ringed binders, Albums, Folders, plastic tubes for their coins. Discuss where they would intend to store them. For now ignore the idea of coins as an investment. Not a really good idea. People did that with Beanie Babies at one time. Convince them that this is a hobby and should be done for fun. As for coin shows, use the Search tab at the top and look for coin shows. Lots of discussions about them.
Edited by just carl 11/18/2011 1:18 pm
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Rest in Peace
United States
10625 Posts |
Your question may be better answered by asking what is likely to not decrease in value. Do they want to collect as a hobby or invest in PM value items? Compare values from 4 years ago to today. Many common silver coins in common circulated condition are now elevated to PM value. There is a threshold for almost every coin in every series that the values crest above the effects of the silver market. This is where my money is spent.
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Valued Member
United States
404 Posts |
If we knew what coins were going to go up in value...none of us would be here, we'd be out gobbling those coins up.
You have to help them find something that catches their attention. Just because your son in law likes silver half dollars, your daughter may think they're ugly and may enjoy collecting lincolns.
Pay attention to the coins they look at and pass over while at the show. This will give you a very good idea of what they may enjoy collecting.
A few suggestions - Date set of Lincoln cents - fairly inexpensive. Roosevelt/mercury dimes - can pick up melt value coins around 2-3 each. Half dollars - start with 40% Kennedy's and work their way up. Since you can still find some in circulation this will help in the limited funds area. Tell them once they make a collection they can always move onto something else or trade/sell their set and upgrade to a new set.
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New Member
 United States
29 Posts |
thank you for your input and time I will show them all of your responses before we attend the coin show.
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Valued Member
United States
75 Posts |
if they lean toward modern coins...what about proof sets? regular,silver,or even '83-'97 Prestige sets. i agree with the others about the Mercury dime as far as a "classic" coin.
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New Member
 United States
29 Posts |
went to the coin show on 12/4/11 with my daughter and son in-law they bought a 2001 maple leave hologram 1oz silver coin.
They also bought a couple of silver eagles and a 2003 good luck maple leaf 1oz silver coin.
We had a great time and they are now hooked on coin collecting.
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Rest in Peace
United States
9104 Posts |
high grade 19th century type, nice looking/historical paper money, interesting looking forn coins, dateless 1916 SLQ.
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Bedrock of the Community
United States
20753 Posts |
Quote: We had a great time and they are now hooked on coin collecting. Hopefully your in an area where there are many coin shows. They are the greatest and smartest places to purchase coins. Also, some have coin items such as Albums, 2x2's, etc., so that too makes for further depths into this hobby more interesting.
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Replies: 15 / Views: 2,206 |
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